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Your holiday money
If the pound's value changes, so does how much foreign currency you get for your money. A flat pound against the dollar means your US holiday spending power hasn't shifted much recently. However, if a deal in the Strait of Hormuz calms global markets, the pound might strengthen, making your future holidays abroad a bit cheaper.
Stories that explain this
Pound climbs to $1.3560 against the dollar before new UK economic data British pound stays flat as investors wait for Strait of Hormuz deal Yen gains 2% as Japan's central bank may raise ratesRelated explainers
UK interest rates Global money moves America and Iran's conflict Why the Bank of England waits Central banks' power Global currency exchange Global market confidence Global oil pricesThe full catalogue
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